Check my work Exercise 1-12 Identifying effects of transactions on the accounting equation LO P1 Select a transaction that effects the accounting equation as follows: Effects a. The company purchases equipment for cash. b. The owner invests land in the business. C. The company purchases supplies for cash. d. The company purchases equipment on credit. The company provides services and sent a bill for $500 to be received within 30 days. f. The owner withdraws cash from the business